Hong Kong auction house Dragon 8 has sold a pair of the iconic Nike Mags for a staggering $104,000 to an anonymous buyer.
The company claims the transaction has made the Mags the most expensive pair of sneakers ever sold at an auction.
— The Gilmeister (@thegilmeister88) October 11, 2016
The initiative also served as a platform to raise money for the Michael J. Fox Foundation (MJFF) that supports the research of Parkinson’s disease.
In addition to the Hong Kong event, there will be two more auctions of the Nike Mags – one in London later this month and one in New York at the MJFF benefit gala on November 12.
While you probably won’t get a chance to put on one of the 89 pairs of Mags Nike made, the sports giant is also working on a self-lacing model for consumers that will be available on November 28.